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NYMEX WTI: (M18) Support Emerging On......>

OIL TECHS
OIL TECHS: NYMEX WTI: (M18) Support Emerging On Dips
*RES 4: $73.71 - Weekly Bull channel top 
*RES 3: $73.25 - Low Nov 11 2014 now resistance 
*RES 2: $72.41 - Daily Bull channel base 
*RES 1: $69.55 - 2018 High Apr 19
*PRICE: $68.92 @ 2130GMT
*SUP 1: $68.66 - High Apr 20 now support 
*SUP 2: $67.14 - Low Apr 23 
*SUP 3: $66.54 - Low Apr 18 
*SUP 4: $65.59 - Low Apr 17
*COMMENTARY: Support emerging on dips provides bulls confidence but a close
above $69.55 is needed to reconfirm focus on $72.41-73.71 following last week's
lack of topside follow through. O/B daily studies and momentum divergence are
seen as concerns for bulls. Bears now look for a close below $67.14 to gain
breathing room and hint at a correction back to $65.09-65.60 where the 21-DMA
($65.60) is found.

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